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ECKERD DRUGS OF N.J., INC. v. S.R. 215, RITE-AID CORP.

170 N.J. Super. 37 (1979)

405 A.2d 474

ECKERD DRUGS OF NEW JERSEY, INC., PLAINTIFF, v. S.R. 215, RITE-AID CORP., VINCENT SEVERINO AND THOMAS SYLK, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

June 14, 1979.

Attorney(s) appearing for the Case

Mr. Dennis M. Reznick for plaintiff (Messrs. Budd, Larner, Kent, Gross, Picillo & Rosenbaum, attorneys).

Mr. Steven P. Perskie for defendant S.R. 215, Severino and Sylk (Messrs. Perskie, Bloom & Zlotnick, attorneys).

Mr. Jack Plackter for defendant Rite-Aid Corp. (Messrs. Horn, Kaplan, Goldberg & Gorny, attorneys).

FRANCIS, A.J.S.C.

Plaintiff Eckerd Drugs of New Jersey, Inc. (Eckerd) has brought suit in the Chancery Division against S.R. 215, Rite-Aid Corp. (Rite-Aid), Vincent Severino and Thomas Sylk over the sale of a drugstore business. Eckerd claims that it had an agreement with S.R. 215 to buy a drugstore business and its assets from the latter, and in contemplation of the sale entered into contracts and took other action consistent with such agreement, but that no executed...

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